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- May 16, 2019
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All this speculation that the Chargers would be a candidate to move to London is purely media BS fantasy.
3. The Chargers haven't even paid their relocation fee of $365M for their move to LA. The league would have to waive that and any relocation fee for moving to London as the Chargers won't have the $$$ to pay to move their team. The other owners are not likely to give away their share, $11.77M each to get Dean Spanos off the hook.
2. The Chargers would lose what little fan base in the US they have remaining.
1. But the number one reason is Stan Kroenke himself. There is no way he's going to let Dean Spanos out of his contract. Not only will it force renegotiation of part of his financing but this is also personal. Stan doesn't like Dean, and never has. By forcing Spanos to live up to his commitment he can see by the minuscule fan base the Chargers have they will be insolvent in a year or two at the most. Dean will be forced to sell the team. So how does this help Stan? New ownership will bring in new money, which is something Spanos can't do. New ownership will likely stabilize the financing picture.
This partnership has always mystified me since the poor relationship between Kroenke and Spanos is well documented. This wouldn't be the first time Stan took advantage of Dean who is a poor businessman. Kroenke wouldn't do this without an end game. I think that end game is to ultimately not share his palace with anyone.
New ownership will see that staying in LA is a loser for the Chargers. Someone like Eli Broad who has openly wanted to purchase the Chargers for decades is a very viable owner candidate. Using him as an example Broad has the deep pockets to buy the Chargers. He also has the pockets to buy out his contract with Kroenke (I would be shocked if there wasn't a buyout clause). Eli would then be free to build his own stadium in the City of Industry where he owns 600 acres. He could sell half that and recoup his purchase and buyout. He knows that the only Charger fan base outside of San Diego is in OC and the Inland Empire. His stadium is close enough to North County San Diego (one of the most affluent parts of San Diego) to draw residual fans from that county as well. San Diego fans hated Spanos not the team.
Kroenke's history shows he rarely makes a move without having an endgame in mind. He's also the kind of man who doesn't like sharing (note Arsenal FC, Denver Nuggets and even Screaming Eagle Winery). This is why partnering with Dean Spanos a man he has already fooled, makes little sense on the surface. Especially when you consider how marginal that partner is financially. But destroying someone he doesn't like while getting a substantial part of his stadium paid for by another owner who will be moving the Chargers makes perfect sense and fits Kroenke's style of doing business. Why share the market when he can own it?
As a Ram fan I would be more than happy to see the Chargers go away. They are like an annoying mosquito buzzing around your ears.
3. The Chargers haven't even paid their relocation fee of $365M for their move to LA. The league would have to waive that and any relocation fee for moving to London as the Chargers won't have the $$$ to pay to move their team. The other owners are not likely to give away their share, $11.77M each to get Dean Spanos off the hook.
2. The Chargers would lose what little fan base in the US they have remaining.
1. But the number one reason is Stan Kroenke himself. There is no way he's going to let Dean Spanos out of his contract. Not only will it force renegotiation of part of his financing but this is also personal. Stan doesn't like Dean, and never has. By forcing Spanos to live up to his commitment he can see by the minuscule fan base the Chargers have they will be insolvent in a year or two at the most. Dean will be forced to sell the team. So how does this help Stan? New ownership will bring in new money, which is something Spanos can't do. New ownership will likely stabilize the financing picture.
This partnership has always mystified me since the poor relationship between Kroenke and Spanos is well documented. This wouldn't be the first time Stan took advantage of Dean who is a poor businessman. Kroenke wouldn't do this without an end game. I think that end game is to ultimately not share his palace with anyone.
New ownership will see that staying in LA is a loser for the Chargers. Someone like Eli Broad who has openly wanted to purchase the Chargers for decades is a very viable owner candidate. Using him as an example Broad has the deep pockets to buy the Chargers. He also has the pockets to buy out his contract with Kroenke (I would be shocked if there wasn't a buyout clause). Eli would then be free to build his own stadium in the City of Industry where he owns 600 acres. He could sell half that and recoup his purchase and buyout. He knows that the only Charger fan base outside of San Diego is in OC and the Inland Empire. His stadium is close enough to North County San Diego (one of the most affluent parts of San Diego) to draw residual fans from that county as well. San Diego fans hated Spanos not the team.
Kroenke's history shows he rarely makes a move without having an endgame in mind. He's also the kind of man who doesn't like sharing (note Arsenal FC, Denver Nuggets and even Screaming Eagle Winery). This is why partnering with Dean Spanos a man he has already fooled, makes little sense on the surface. Especially when you consider how marginal that partner is financially. But destroying someone he doesn't like while getting a substantial part of his stadium paid for by another owner who will be moving the Chargers makes perfect sense and fits Kroenke's style of doing business. Why share the market when he can own it?
As a Ram fan I would be more than happy to see the Chargers go away. They are like an annoying mosquito buzzing around your ears.